Franchise

News and Articles About Franchise

The Longest-Running Pizza Hut in America Is Closing Up Shop
Pizza Hut

The Longest-Running Pizza Hut in America Is Closing Up Shop

After nearly 55 years in business, the Manhattan, Kan., location is shutting down.
Kate Taylor
What Serving as a Marine and NYPD Officer Taught Me About Franchising
Franchise Players

What Serving as a Marine and NYPD Officer Taught Me About Franchising

Brendan Ryan believes that military and police personnel are perfectly prepared for the franchise industry.
Kate Taylor
Chipotle Just Put an Official Price on Its Most Famous Secret Menu Item
Chipotle

Chipotle Just Put an Official Price on Its Most Famous Secret Menu Item

Many locations used to ring up the off-menu 'quesarito' as a regular burrito. Now, all locations will charge an extra $3.50.
Kate Taylor
A 'Smooth,' Not to Mention, Sweet, Choice for a Franchise
Franchise Players

A 'Smooth,' Not to Mention, Sweet, Choice for a Franchise

"How awesome is it to be able to sell a product you are passionate about?" Quamisha Nelson says of her Smoothie King franchise.
Entrepreneur Staff
From Iraq to Lubbock: These Franchisee-Veterans Have Found Peace, and a Focus on Kids
Franchise Players

From Iraq to Lubbock: These Franchisee-Veterans Have Found Peace, and a Focus on Kids

The Little Gym franchise company now offers active duty military a 50 percent discount off the franchise fee.
Entrepreneur Staff
Papa John's Franchisee to Pay Employees $460,000 for Wage Theft
Minimum Wage

Papa John's Franchisee to Pay Employees $460,000 for Wage Theft

Officials say that the owner of nine Papa John's locations failed to properly pay employees minimum wage and overtime.
Kate Taylor
This Popcorn Franchisee Was 'The Boss' Until That Other 'Boss' (Springsteen) Popped Up
Franchise Players

This Popcorn Franchisee Was 'The Boss' Until That Other 'Boss' (Springsteen) Popped Up

Geoff Frischman was attracted to Doc Popcorn for its flexibility in the number of locations he could own and for its business support.
Entrepreneur Staff
I Became a Franchisee So I Could Be My Own Boss
Franchise Players

I Became a Franchisee So I Could Be My Own Boss

Business lessons from the owner of Wing Stop, Dunkin' Donuts and Papa John's restaurants.
Kate Taylor
Chipotle Is Giving Away Free Burritos to Any Customer Who Plays This Online Game
Chipotle

Chipotle Is Giving Away Free Burritos to Any Customer Who Plays This Online Game

Starting July 21, the burrito chain is launching 'Friend or Faux?' to take aim at its competition and give customers the chance to win free Chipotle for a year.
Kate Taylor
Franchise Industry Resolves California Conflict, Paving the Way for Law Protecting Franchisee Rights
Franchisees

Franchise Industry Resolves California Conflict, Paving the Way for Law Protecting Franchisee Rights

The IFA agreed to drop its opposition to a bill backed by franchisee and labor organizations.
Kate Taylor
Why Franchisees Should Allow For Three Years Until Business 'Clicks'
Franchise Players

Why Franchisees Should Allow For Three Years Until Business 'Clicks'

Don't expect immediate entrepreneurial success when you open a franchise, says Darren Williams.
Kate Taylor
A Franchisee Who Switched From Health Care to Auto Care
Franchise Players

A Franchisee Who Switched From Health Care to Auto Care

Steve Peterson was drawn to Christian Brothers Automotive's own statement of care, about honesty, integrity and reliability.
Entrepreneur Staff
The Top Global Franchises
Franchises

The Top Global Franchises

Could these worldwide franchises be your passport to the future?
Tracy Stapp Herold
A Franchisee Who's Literally Building His Dream Business From the Ground Up
Franchise Players

A Franchisee Who's Literally Building His Dream Business From the Ground Up

Jovanny Galarza has prepared to own a construction business ever since he was a little boy, helping his dad around the house.
Entrepreneur Staff
Franchise

A franchise is way for companies to expand their business by licensing the rights to third-party retailers or individuals -- or franchisees -- who then can use the franchise’s logo, name and business model.  

There are three different kinds of franchises. They include:

  • Distributorships, such as with Toyota, which licenses the right for a third party to sell the parent company product.

  • Trademark licensing, which allows companies to buy the right to use the parent company’s trademark along with their own brand, such as what Coca-Cola licenses to other companies.

  • Business format franchises, such as Subway, which offer its franchisees the right to sell its goods and/or services using its business model.

Popular franchises: Some examples of popular and well-known franchise models are in the food industry -- many which have gone international -- such as McDonald’sSubway and DominosStarbucks, which is commonly thought to be a franchise, is not. 

For more information about top franchise businesses, check out Entrepreneur's "2015 Franchise 500 Rankings," or get the Entrepreneur Franchise 500.  

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